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A stock you are interested in paid a dividend of $1 last week. The anticipated growth rate in dividends and earnings is 20% for the

A stock you are interested in paid a dividend of $1 last week. The anticipated growth rate in dividends and earnings is 20% for the next year and 10% the year after that before settling down to a constant 6% growth rate. The discount rate is 12%. Calculate the expected price of the stock. Please work out step by step

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